The sanctions will freeze any bank assets.
The United States along with the G7 and the EU impose new sanctions against the daughters of Russian President Putin, the largest Russian banks Alfa Bank and Sberbank, and also prohibit all new investments in Russia.
>Sberbank is the largest financial institution in Russia, which is owned by the government, and Alfa-Bank is the largest private bank. The sanctions will freeze any of their assets related to the US financial system and prohibit US citizens from doing business with them.
In addition, the States will introduce a complete ban on new investments in Russia. To this end, US President Joe Biden will sign a new executive order that includes a ban on new investments in Russia by US citizens, regardless of their location.
«This step is based on a decision taken by more than 600 multinational companies on exit from Russia. Private sector exit includes manufacturers, energy companies, large retailers, financial institutions, and other service providers such as law and consulting firms,” the White House said in a statement.
Third step of new sanctions from USA steel restrictions against large Russian state-owned enterprises in the critical sphere. This will prohibit US citizens from doing business with these organizations and freeze any of their assets in the jurisdiction of the States. The Ministry of Finance will publish a detailed list the next day on Thursday.
And the last part of the package is complete blocking of the assets of Putin's adult children, the wife and daughter of Foreign Minister Lavrov, as well as members of the Security Council Russia, including former Russian President and Prime Minister Dmitry Medvedev and Prime Minister Mikhail Mishustin.
Sanctions cut them off from the US financial system and freeze all assets in the United States.
Remember :
He has two daughters from his ex-wife Lyudmila Putina — Maria Vorontsova and Ekaterina Tikhonova. It is not known if Putin has other children.
The European Union announced the fifth package of sanctions against Russia in response to the atrocities in Bucha, which included a coal embargo against the aggressor and a ban on transactions with four leading Russian banks.